Must pay attention next week | Starknet v0.12.1 will be released next week; EigenLayer plans to increase the LST upper limit again on August 22 (8.21-8.27)


Highlights for next week:

The Shibarium is scheduled to reopen to the public next Monday;

EigenLayer plans to increase the liquidity re-pledging limits of stETH, rETH, and cbETH again on August 22;

FTX wants to remove its Dubai subsidiary from US bankruptcy proceedings, with a hearing scheduled for August 23;

Starknet version 0.12.1 will be released next week, opening the second phase of "Quantum Leap";

ZachXBT: 90% of legal defense funds expected to be refunded, refunds to be completed next week.

From August 21st to August 27th, all noteworthy events in the industry will be announced as follows:

August 21

OKX: The platform will upgrade the KYC process, and users are advised to complete the advanced certification before 15:00 on August 21

Odaily Planet Daily News OKX official tweet stated that OKX is constantly striving to provide users with a smooth and safe trading experience. In the context of global compliance, KYC has become one of the most powerful ways for platforms to protect users. We are gradually upgrading the iterative certification process and simplifying it to meet global regulatory standards.

It stated on Twitter that all OKX users must complete a comprehensive verification before they can access OKX products and services. In order to ensure normal use, users are strongly recommended to complete the advanced certification before 15:00 on August 21 (HKT). Users who cannot complete the authentication can contact customer service and get 7* 24 service support.

PYUSD will start trading on Kraken on August 21

Odaily Planet Daily News According to the official announcement, PayPal's US dollar stable currency PYUSD has been launched on the Kraken platform, and users can start recharging. PYUSD will start trading on Kraken on August 21.

Users can deposit PYUSD through the funds page, but must use the Ethereum network, and deposits on other networks may be lost. PYUSD is mortgaged by assets such as U.S. dollars and U.S. Treasury bonds, aiming to achieve a 1: 1 link with the U.S. dollar.

According to Kraken, PYUSD enables users to transfer funds between PayPal and external wallets, make person-to-person payments, and exchange between PayPal-supported cryptocurrencies.

Shibarium plans to reopen to the public next Monday

Odaily Planet Daily News Shibarium issued a progress announcement, and is currently strengthening security measures and conducting in-depth testing. Shibarium is currently able to generate blocks normally in the internal test mode. The team will continue to scale and test, and the Shibarium network is scheduled to reopen to the public next Monday.

Starknet Wallet Argent: After receiving an update prompt, users must complete the upgrade before August 21, otherwise there may be a risk of asset loss

Odaily Planet Daily News Starknet Wallet Argent tweeted that because Starknet is being upgraded, some old Starknet accounts also need to be upgraded. The upgrade is planned to be carried out on August 21. 95% of users will not be affected, but users who have received the update reminder Complete the upgrade before this date, otherwise there is a risk of asset loss.

McDonald's Singapore partners with Bandwagon Labs to launch NFT collection, minting to launch on August 21

Odaily Planet Daily News McDonald's (Singapore) announced on its official Instagram account that it has reached a partnership with Bandwagon Labs to launch 2,000 copies of the exclusive digital collection NFT series "Grimace Digital Collectible" based on McDonald's classic milkshake Grimace.

The collection has been designed by artist Hidden Walls and will be available for casting through the McDonald's Singapore app. The expected minting start time is August 21st, and each account is limited to one free exchange, and the NFT cannot be transferred or traded.

August 22nd

Judge Approves Nevada Regulators' Receivership of Prime Trust, Prime Trust Can Appear in Court on August 22

Odaily Planet Daily News Nevada's Eighth Judicial District Court has approved the state regulator's bankruptcy receivership petition against the encryption custodian Prime Trust. The company's operations will be taken over by Bank of Nevada President John Guedry.

According to a July 14 filing, judges in Nevada's 8th Judicial District Court said the court found sufficient grounds for granting the petition after reviewing the merits and purview of the petition and relevant evidence, including the defendant's consent.

The judge then ordered Prime Trust to appear in court on August 22 to explain why the state regulator's application should not be granted permanently.

The original petition seeks to take over the day-to-day operations of the company and overhaul all of its finances to determine the best option to protect Prime Trust customers, which is to restore the company and place it into private administration or liquidation. (The Block)

EigenLayer plans to increase the liquidity re-pledging limits of stETH, rETH, and cbETH again on August 22

Odaily Planet Daily News The Ethereum re-pledging association EigenLayer officially announced that it plans to increase the liquidity re-pledging limit of stETH, rETH, and cbETH again on August 22. The specific standard is that when the re-pledged amount of any of the three assets reaches 100,000 pieces, the agreement deposit will be suspended again.

DeFi lending agreement Sentiment: V1 version will be closed on August 22, V2 is under development

Odaily Planet Daily News The DeFi lending agreement Sentiment announced on Twitter that it will close Sentiment V1 on August 22 (because its architecture expansion is not feasible), and Sentiment V2 is currently under development. Users will be able to withdraw funds even after the UI is not supported, the team said.

The closure of Sentiment V1 will be carried out in 3 steps. From August 15th, the market will no longer accept new loans. Borrowers and lenders can repay and withdraw. After August 22nd, the web application can still be accessed, but core contributors will no longer be maintained.

Adidas Originals Partners With BAPE To Launch NFT-Based Limited Edition Sneakers, The Auction Will Be On August 22nd

Odaily Planet Daily News Adidas Originals, a subsidiary of Adidas, announced that it has cooperated with Harajuku fashion brand BAPE in Japan to launch a limited edition sneaker Triple-White Forum 84 BAPE Low based on NFT.

With the support of Adidas Web3 studio adidas /// Studio (Three Stripes Studio), the adidas Originals x BAPE Fresh Forum NFT auction will be held on August 22 through the adidas COLLECT platform, which is also the first time Adidas has adopted the auction format to support NFT digital sports shoes. In addition, each pair of physical shoes will be equipped with an NFC chip inside the left tongue, and shoe owners can use their smartphones to scan to obtain an NFT-based certificate of authenticity, limited to 100 pairs.

August 23rd

FTX Wants to Remove Dubai Subsidiary from US Bankruptcy Proceedings, Hearing Set for August 23

Odaily Planet Daily News According to court documents on Thursday, FTX hopes to exclude its Dubai subsidiary from the bankruptcy liquidation process in the United States. When FTX filed for bankruptcy in the United States last November, it had initiated Chapter 11 bankruptcy proceedings for 102 affiliated entities around the world. FTX Dubai, established in February 2022 and owned by the company's European subsidiary, is one of the entities involved in the lawsuit.

But the FTX insolvency entity argued in the filing that FTX Dubai had not carried on any business prior to filing for bankruptcy in the United Arab Emirates (UAE), and therefore had "no reasonable possibility of resuming operations." “Furthermore, FTX Dubai’s balance sheet is solvent. Accordingly, the debtors believe that a solvent voluntary liquidation proceeding under the laws of the United Arab Emirates will allow for the timely distribution of all outstanding debts and liquidation of all assets. cash balance."

The FTX insolvency entity argues that any court order during FTX Dubai’s involvement in the proceedings should stand, but that the dismissal is “necessary” to protect debtors and authorize them to pay pre-bankruptcy wages and salaries and other compensation, benefits and expenses To Dubai employees. A related hearing is scheduled for August 23. (CoinDesk)

August 24th

The Cosmos Hub community is voting to decide whether to allocate 25,000 ATOMs to the Neutron Foundation, and the results will be announced on August 24th

Odaily Planet Daily News The Cosmos Hub community is voting to decide whether to reallocate the remaining 25,000 ATOM funds provided for the development of the ecological smart contract platform Neutron in Proposition 72 to the Neutron Foundation to fund the development and growth of Neutron and its ecosystem.

It is reported that in July 2022, the Cosmos Hub community voted through Proposal 72 and allocated 150,000 ATOMs to fund the development of the consumer chain launched on Replicated Security, of which 50,000 ATOMs were awarded to Neutron.

Base's second round of Prop House funding has started, and applications must be completed by August 24

Odaily Planet Daily News According to official news, Base announced that the second round of Prop House funding has been launched, which will fund new protocols, tools and infrastructure built on Base.

The address on the mainnet with an ENS domain name and 0.025 ETH, at least reaching the legal age of majority in the state or country of residence and not being a legal resident of any sanctioned country can submit an application, and the deadline is August 24.

Baseisfor Builders NFT holders can vote, each address has one vote, and the top 5 proposals will each receive 5 ETH funding.

August 25th

Binance spot single IP request weight will increase to 6000 per minute from August 25th

Odaily Planet Daily News According to the official announcement, in order to improve the trading experience of API users, the Binance Spot API will optimize the IP request weight rules. From 08:00 on August 25, 2023 (Eastern Eighth District Time), the weight of a single IP request will increase to 6,000 per minute.

August 26th

Avalanche will unlock 9.54 million AVAX on August 26

Odaily Planet Daily News Token Unlocks data shows that Avalanche plans to unlock 9.54 million AVAX on August 26, worth about 102 million US dollars, accounting for about 2.77% of the total circulation.

For more announcements about token unlocking, you can pay attention to the "Token Unlocking Weekly" published regularly every week by Odaily Planet Daily.

Aug 27

no yet

Others (specific time undecided)

Starknet version 0.12.1 will be released next week, starting the second phase of "quantum leap"

Odaily Planet Daily News According to official news, the Starknet mainnet will be upgraded to version 0.12.1 next week, starting the second phase of Starknet's "quantum leap".

The Starknet 0.12.1 upgrade aims to improve transaction efficiency. Currently, invalid transactions waste valuable sequencer resources without paying fees. The upgrade adds a validation stage before sorting to filter out invalid transactions earlier. Failed transactions will have REVERTED status and be included in the block, paying the fee.

ZachXBT: 90% of legal defense funds expected to be refunded, refunds to be completed next week

Odaily Planet Daily News chain analyst ZachXBT tweeted that the return of unused legal defense funds is expected to be completed next week. Among them, the Ethereum mainnet will have a fund to be refunded, SOL and Pulse have just completed the refund, and the EVM chain will be manually refunded this week. More details will be announced later this week, and more than 90% of donations will be refunded.

ZachXBT later updated that Fantom, Arbitrum Nova, Polygon zkEVM, Harmony, Moonbeam, and Gnosis chain donations have been manually refunded.